https://www.city2cityrealty.com
567 Windthrop Rd, Colwood
Colwood
Vacant Land
$5,000,000
For sale
3 BEDS
2 BATHS

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Description

DEVELOPMENT OPPORTUNITY: Discover 3.90 acres of prime development land. The property finds itself within the Neighbourhood Hillside & Shoreline Land Use Designation, a strategic zoning that paves the way for increased density and Low-Rise buildings, up to 6 storeys. The Floor Space Ratio (FSR) is set at an advantageous 1.2:1, inviting imaginative possibilities for development. The property presents a promising opportunity for developers. Surrounded by multi-family zoned properties, it stands as a prime example of the region's potential for higher density development, growth, and prosperity. The options for redevelopment are vast, making it an attractive investment in a thriving community. This expansive parcel currently includes a 3-bedroom home, a workshop, and various outbuildings for potential rental revenue.

General Info

946371
2
3
1976
Baseboard heaters
3.9 ac
None

Amenities/Features

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Purchase Amount $ 5,000,000
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CITY 2 CITY REAL ESTATE SERVICES
567 Windthrop Rd, Colwood
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